F. Duane Ackerman

AAA

DEFINITION of 'F. Duane Ackerman'

The former CEO of BellSouth from 1997 to 2006 and chairman from 1998 to 2006. F. Duane Ackerman led the company through the deregulation of the telephone industry, helped it expand its international presence and oversaw its 2006 merger with AT&T.

INVESTOPEDIA EXPLAINS 'F. Duane Ackerman'

Ackerman joined the company in the customer service department in 1964. Born in Florida in 1942, he earned his MBA from the Massachusetts Institute of Technology. Ackerman has also served as a member of the board for Allstate, the United Parcel Service and Home Depot.


Atlanta-based BellSouth became a part of AT&T after a merger in late 2006 and stopped doing business as BellSouth in mid 2007. It was one of the "Baby Bells" formed after the 1984 breakup of AT&T forced by the U.S. Justice Department's antitrust lawsuit.

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. C-Suite

    A widely-used slang term used to collectively refer to a corporation's ...
  3. Chief Executive Officer - CEO

    The highest ranking executive in a company whose main responsibilities ...
  4. Antitrust

    The antitrust laws apply to virtually all industries and to every ...
  5. Baby Bells

    A common nickname given to the U.S. regional telephone companies ...
  6. Chief Financial Officer - CFO

    The senior manager responsible for overseeing the financial activities ...
RELATED FAQS
  1. What is an antitrust law?

    Antitrust laws - also referred to as "competition laws" - are statutes developed by the U.S. Government to protect consumers ... Read Full Answer >>
  2. What is a baby bell?

    In 1982, AT&T agreed to settle the Justice Department's anti-trust action by breaking itself into seven Regional Bell ... Read Full Answer >>
  3. Why was Microsoft subject to antitrust charges in 1998?

    On May 18, 1998, the Department of Justice filed antitrust charges against Microsoft (Nasdaq:MSFT ). The charges were brought ... Read Full Answer >>
  4. What is the relationship between research and development and innovation?

    Although it's possible to achieve innovation without research and development and it's possible to conduct research and development ... Read Full Answer >>
  5. How is a tender offer used by an individual, group or company seeking to purchase ...

    A tender offer is made directly to shareholders in a publicly traded company to gain enough shares to force a sale of the ... Read Full Answer >>
  6. How does a company record profits using the equity method?

    A company that invests in another company and has majority control of it would record profits using the equity method. This ... Read Full Answer >>
Related Articles
  1. Personal Finance

    A History Of U.S. Monopolies

    These monoliths helped develop the economy and infrastructure at the expense of competition.
  2. Personal Finance

    Antitrust Defined

    Check out the history and reasons behind antitrust laws, as well as the arguments over them.
  3. Investing Basics

    Understanding Related-Party Transactions

    In business, a related-party transaction refers to a transaction where parties on both sides have a common interest or relationship.
  4. Economics

    Understanding Organizational Behavior

    Organizational behavior is the study of how humans interact in group environments.
  5. Professionals

    Top Strategies to Attract Elite Clients

    Here's how to think outside of the box when it comes to attracting a high-net-worth client base.
  6. Investing Basics

    Explaining the Volcker Rule

    The Volcker Rule prevents commercial banks from engaging in high-risk, speculative trading for their own accounts.
  7. Economics

    What are Deliverables?

    Deliverables is a project management term describing an object or function that must be provided or completed by a certain due date.
  8. Economics

    What Does Capital Intensive Mean?

    Capital intensive refers to a business or industry that requires a substantial amount of money or financial resources to engage in its specific business.
  9. Investing Basics

    What is a Private Company?

    A private company is any corporation that does not have shares publicly traded in the equity markets.
  10. Investing

    How To Profit From M&A Announcements

    We look at four strategies that seek to profit from merger and acquisitions announcements.

You May Also Like

Hot Definitions
  1. Inbound Cash Flow

    Any currency that a company or individual receives through conducting a transaction with another party. Inbound cash flow ...
  2. Social Security

    A United States federal program of social insurance and benefits developed in 1935. The Social Security program's benefits ...
  3. American Dream

    The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version ...
  4. Multicurrency Note Facility

    A credit facility that finances short- to medium-term Euro notes. Multicurrency note facilities are denominated in many currencies. ...
  5. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
  6. Treasury Yield

    The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Treasuries are considered ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!